📋 Tender Overview
The Government released today September 28 the Long Term Housing Strategy Annual Progress Report 2026 Progress Report
According to the established methodology for projection under the Long Term Housing Strategy LTHS the gross total housing demand for the next 10year period is 419 300 units Hence the Government set the supply target at 420 000 units
Since the LTHS annual update in 2018 the publicprivate split of the new housing supply has been adjusted to 7030 Balancing the Governments commitment to substantially increase the public housing supply to meet the social demand and the demand for private housing the Government will maintain the publicprivate split of the new housing supply at 7030 for the next 10year period from 202728 to 203637 Accordingly out of the total housing supply target of 420 000 units the public housing supply target will be 294 000 units and the private housing supply target will be 126 000 units a spokesman for the Housing Bureau said
In the LTHS Annual Progress Report 2024 we announced that to further meet the publics home ownership needs the public housing supply would be planned with a gradual move towards a 6040 ratio between public rental housing PRHGreen Form Subsidised Home Ownership Scheme GSH units and other subsidised sale flats SSF The Government will continue to advance in this direction in the next decade Correspondingly the public housing supply target of 294 000 units will comprise 176 000 PRHGSH units and 118 000 other SSF units the spokesman added
Solving the housing problem tops the agenda of the currentterm Government Through the currentterm Governments unremitting efforts to enhance speed quantity quality and efficiency a solid foundation for public housing production has been laid and the programme is now entering its harvesting phase This shift has enabled faster fulfilment of the publics housing needs The Composite Waiting Time for Subsidised Rental Housing has been shortened from the peak of 61 years before the currentterm Government took office to 48 years which is the lowest level in over eight years for two consecutive quarters moving towards the target of reducing it to 45 years in 202627 Since the currentterm Government took office ie from July 2022 to June 2026 more than 85 500 applicants have been housed to PRH Meanwhile the Hong Kong Housing Authority HA and the Hong Kong Housing Society HS have also offered approximately 48 000 SSF units for sale representing a significant increase of nearly double that of approximately 25 000 new SSF units offered for sale in the previous fouryear period prior to the currentterm of Government ie from July 2018 to June 2022 In fact since the currentterm Government took office ie from July 2022 to June 2026 more than 133 000 families have been housed to PRH or have purchased SSFs offered for sale by the HA and HS representing a significant increase of over 35 per cent as compared to approximately 97 000 families in the previous fouryear period prior to the currentterm of Government ie from July 2018 to June 2022
In the next 10 years the Government has identified sufficient land to meet the public housing supply target of 294 000 units The Government will strive to provide more than 35 000 public housing including PRH and SSF units per year on average in the next five years ie from 202728 to 203132 representing an increase of about 73 per cent compared with the fiveyear production since the currentterm Government took office the highest in the past 25 years In addition compared to the fiveyear period at the start of this Government the supply of Home Ownership Scheme flats has increased significantly by approximately 100 per cent over the original projections As in the past when planning public housing development the Government will maintain adequate flexibility to ensure that the public housing production can be adjusted in a timely manner in response to changes in the actual circumstances
As for private housing the supply target in the coming decade is 126 000 units The Government will have sufficient land to meet the target in the next 10 years Besides Government land sales other sources of private housing land supply include railway property developments and Urban Renewal Authority projects as well as private development projects As regards private housing supply in the shorter term based on the latest projection as at endJune 2026 the supply in the primary private residential property market for the coming three to four years is about 96 000 units
With the continuous increase in the public housing supply the Government has more room to further enhance various housing policies to better address the publics housing needs To this end the Housing Bureau has announced four key directions for future housing policy in the Progress Report
i further encourage citizens to move up the housing ladder
ii enhance SSF
iii eradicate substandard subdivided units and implement the Basic Housing Unit regime in an orderly manner and
iv persistently promote the use of building technologies to enhance costeffectiveness in construction thereby ensuring the smooth implementation of the public housing programme
Details of relevant measures are set out in the Progress Report on the Housing Bureaus website at wwwhbgovhkengpolicyhousingpolicylthsindexhtml
According to the supplyled and flexible principles under the LTHS the Government updates the long term housing demand projection annually and formulates a rolling 10year housing supply target The gross total housing demand takes into account the housing demand derived from the following four components
i net increase in the number of households
ii households displaced by redevelopment
iii inadequately housed households and
iv miscellaneous factors
